Three Churches Corner, MI—48631
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Three Churches Corner, MI
As of Oct '25, the median home price in Three Churches Corner, MI is $215,000, with a year-over-year change of 5.5%. This indicates that home prices in Three Churches Corner, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | 5.5% |
| Single Family | $215,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $148,000 | 5.7% |
3 Bed | $224,000 | 5.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Three Churches Corner, MI
As of July '25, Rentcast reports the average rent in Three Churches Corner, MI is $1,140, with a year-over-year rent change of 6.5%. Per bedroom, the median rent as of July '25 in Three Churches Corner, MI is 2-bedrooms: $1,080, 3-bedrooms: $1,190. The most common rental property sizes in Three Churches Corner, MI are 3-bedroom and 4-bedroom, accounting for 57.4% and 21.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,080 |
| 3 Bed Rent | $1,150 | $1,190 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Three Churches Corner, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Three Churches Corner, MI is 71. This is a increase of 198.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | -9.0% |
Listing Count | 14 | 186.0% |
| Listings as % of Homes | 0.2% | 186.0% |
Days on Market | 71 | 198.0% |
Demographics — Three Churches Corner, MI
As of the latest ACS Survey released in 2023, Three Churches Corner, MI has a population of 4,060, which has increased by 2.3% over the past 5 years. Three Churches Corner, MI is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,060 | 2.3% |
% Under 18 | 18.7% | 19.9% |
% Seniors | 20.6% | -20.8% |
% WFH | 4.3% | 230.8% |
% w/ College Degree | 19.7% | 12.6% |
As of the latest ACS Survey released in 2023, Three Churches Corner, MI is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Three Churches Corner, MI is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.0% of the population in Three Churches Corner, MI, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.3% | -5.4% |
% Black | 1.1% | ∞% |
% Hispanic | 1.2% | -29.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Three Churches Corner, MI
According to HUD data as of 2023, there were 113 mortgage originations in Three Churches Corner, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Three Churches Corner, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Three Churches Corner, MI
Three Churches Corner, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | -$160 | $1,100 | $940 |
| 3 Bedroom | $110 | $1,150 | $1,260 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Three Churches Corner, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $215,000 |
| Median Household Income | $77,800 |